Rotary discusses reducing student loan debt

May 8, 2013

Mark Levy, of Questa, was the guest speaker at Columbia Cityâ€™s Rotary Club meeting this week.Photo contributed

COLUMBIA CITY â€” Speaking this week at Columbia Cityâ€™s Rotary Club was Questa representative Marc Levy.

Questa is a Northeast Indiana foundation set up to do principally two things: reduce the typical studentâ€™s loan debt after finishing college, and keep that individual in Northeast Indiana ,contributing to the educational job force in our part of the state.

â€śThe average student in Indiana leaves college with a four-year degree and $27,000 in debt,â€ť Levy said. â€śOften times, they will leave the area to find suitable work,â€ť he added.

The Questa Foundation hopes to help by setting up a debt-reduction program that includes incentives for students to stay in the area once they graduate.

Students who qualify are able to get up to a 50 percent reduction of a Questa $20,000 loan over a four- year program.

Assuming the typical student leaves college with $27,000 in debts, this loan can significantly reduce that burden that the new graduate has to carry out into the work force.

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